MIFID II provisions in effect on Croatian market

Zagrebacka Banka d.d.
MIFID II will become effective as of 27 January 2019
Fri, 25/01/2019

After being adopted by Croatian Parliament on 6 July 2018, Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments (MiFID II) will come into force on 27 January 2019.  

Enhancement of investor protection and transparency during provision of custody services will be visible primarily via extended balance reporting. For that purpose, UniCredit GSS in Croatia will provide the additional information in the Sub-balance Subsequence (Block SUBBAL) of its SWIFT MT535s, starting as of Monday, 28 January 2019. 

Impact on investors: MIFID II will contribute to more transparency on Croatian capital market from 27 January 2019.